First Indian National Receives IMA Award

by Amit Tripathi    Feb 22, 2005

While India Inc. is turning global, Indian CXOs are increasingly being sought after globally and commended for their achievements with the recent conferring of the coveted International Management Action (IMA) Award, by SPRING, Chartered Management Institute, Singapore. The award was given to an Indian national, Virender Aggarwal, APAC head, Satyam Computer Services Ltd.

Speaking to, from Singapore, Aggarwal said, “This award means a lot to me and Satyam, since it recognizes the efforts of the whole Satyam team towards our phenomenal growth in the region.”

Incidentally, Aggarwal is the first Indian national to win the IMA award, which is conferred in recognition of managerial action for tangible results in an organization, society, or nation. The citation reads, “Virender is a model of the new manager with the bold, risk-taking bent of an entrepreneur. His success clearly demonstrates his outstanding management capabilities, especially his skills in managing diversity.”

Further elaborating on the diversity that he handles, Aggarwal said, “I deal with multiple nationalities and multiple markets, which increase the complexity of aspects like employee immigration, regional regulatory specifications, market parameters, cultural differences, etc.”

Aggarwal was rewarded for the growth of the Asia-Pacific (APAC) operations of Satyam from a three-member team in 2000 to an organization with eight development centers and eight sales offices - including Japan, China, Australia, India, and the Middle East - with about 1,200 employees across 11 countries, within four years.

Deliberating on his long time experience in dealing with CXOs, Aggarwal says, “For CXOs, especially in India, hardware does not matter much. They are more focused on applications and their upgrades. CIO’s in particular look to save money on technology investments and one of their major concerns is justifying these to the board.”

The revival of the IT sector is one thing that Aggarwal recognizes clearly. He says, “We are in exciting times. The manufacturing and services sectors are on the upsurge. Although service oriented architecture (SOA) has not caught up fully amongst enterprises, it is definitely going to be an upcoming trend.”

In 2003, Satyam chose Singapore, as it’s first disaster recovery center outside India, after considering locations such as Mauritius, Malaysia, and Australia. Aggarwal’s recent and most significant achievement was securing the Indian domestic operations under the management of the Singapore regional headquarters in 2004.

The IMA award has already been given to fifteen men and five women since it was launched in 2000. The nominees were assessed based on the following criteria: Achievements in Management Action; Personal attributes for sustainable Management Action; Vision and value system for continual Management Action; and other contributions to society and/ or industry.